Colombian Foodmaker Swallows COP Debt

Colombina has sold COP100bn ($50m) in inflation-linked bonds on Colombia’s domestic market. The food products maker placed COP20bn in 2016 bonds at the IPC index plus 5.73% and COP80bn in 2019s at IPC plus 6.58%. It plans to use proceeds from the sale, rated AA+ on a national scale, to refinance existing debt. Citi managed the transaction.